Examples of IDG Director in a sentence
For so long as any TDF Entity holds any Series A Share, the TDF Entities shall be entitled to nominate and appoint a Director from time to time to occupy one (1) seat of the Board (together with the IDG Director, collectively, the “Series A Directors”, each a “Series A Director”), to remove such Director occupying such position and to fill any vacancy caused by the resignation, death or removal of such Director occupying such position.
For so long as IDG or its Affiliate is entitled to appoint a director to the SouFun Board (the “IDG Director”), the Founder shall vote or cause to be voted all of the shares of SouFun beneficially owned by him in favor of the election or re-election (as applicable) of the IDG Director.
In such event, such incumbent IDG Director shall, immediately upon the determination of the Board pursuant to this Agreement, cease to have the rights associated with the director positions of the Group Companies, including the right to participate in board meetings, right to access to information and right to vote at board meetings.
Kingsoft or the Company shall have the right to require IDG Investor to re-designate a person as the IDG Director as soon as practicable but in no event later than 180 days after delivery of such notice if, in the good faith reasonable opinion of the Board, the incumbent IDG Director (a) engages in business in competition with the business of the Group Companies, (b) is employed by or otherwise provides services to a Competitor, or (c) directly or indirectly holds equity interest in a Competitor.
In addition to such other limitations as may be provided under applicable laws and in the Restated Articles and subject to Section 8.1, any merger or acquisition transaction of the Company with a total consideration value of more than US$10,000,000 shall require at least six (6) affirmative votes of the Board, including at least three (3) affirmative votes of any of the Series E Directors, the Series D Director, the Morningside Director or the IDG Director.
Subject to applicable Laws, for so long as IDG is entitled to appoint the IDG Director, the Investor shall inform the Founder in good faith with written notice any investment by any investment funds managed by IDG or its Affiliates in any of the SouFun Competitors before the consummation of such investment.
Except as provided for elsewhere in these Articles, the removal and dismissal of the CFO requires approval of at least five (5) Directors, including the affirmative vote of at least three (3) affirmative votes of any of the Series E Directors, the Series D Director, the Morningside Director or the IDG Director, acting at a duly convened Board meeting.